2 Corporate Profile 3 Performance Highlights 4 Chairman’s Statement 9 Business Overview Contents 19 Management’s Discussion and Analysis 37 Report of the Board of Directors 49 Report of the Supervisory Committee 53 Report on Corporate Governance Practices 59 Profile of Directors, Supervisors and Senior Management 65 Investor Relations 67 Independent Auditor’s Report 69 Consolidated Balance Sheet 71 Balance Sheet 73 Consolidated Income Statement 74 Consolidated Statement of Comprehensive Income 75 Consolidated Statement of Changes in Equity 77 Consolidated Cash Flow Statement 78 Notes to the Consolidated Financial Statements 189 Terms & Glossaries 191 Corporate Information 2 Corporate Profile 3 Performance Highlights 4 Chairman’s Statement 9 Business Overview Contents 19 Management’s Discussion and Analysis 37 Report of the Board of Directors 49 Report of the Supervisory Committee 53 Report on Corporate Governance Practices 59 Profile of Directors, Supervisors and Senior Management 65 Investor Relations 67 Independent Auditor’s Report 69 Consolidated Balance Sheet 71 Balance Sheet 73 Consolidated Income Statement 74 Consolidated Statement of Comprehensive Income 75 Consolidated Statement of Changes in Equity 77 Consolidated Cash Flow Statement 78 Notes to the Consolidated Financial Statements 189 Terms & Glossaries 191 Corporate Information Corporate Profile China Communications Construction Company Limited (“CCCC” or the “Company”), initiated and founded by China Communications Construction Group (Limited) (“CCCG”, a state-owned enterprise under the SASAC), was incorporated on 8 October 2006. Its H shares were listed on the Main Board of the Hong Kong Stock Exchange with stock code of 1800.HK on 15 December 2006. It is the first large state-owned transportation infrastructure group entering the overseas capital market. The Company’s A shares were listed on the Main Board of the Shanghai Stock Exchange with stock code of 601800.SS on 9 March 2012, representing another leap-and-bound advance taken by the Company in the course of its development. CCCC was named one of the “Global 500” companies for four consecutive years (2008-2011) by Fortune Magazine. As the integrated strength of the Company grew further, its ranking moved up accordingly from 426 in 2008 to 211 in 2011, making CCCC one of the fastest-growing enterprises on the list. As a leading transportation infrastructure group in the PRC, the Company and its subsidiaries (collectively, the “Group”) is the industry leader in each of its four core businesses, namely infrastructure construction, infrastructure design, dredging and heavy machinery manufacturing. It is the largest port design and construction company in China, a leading company in road and bridge construction and design in China, a leading railway construction company in China and the largest dredging company (in terms of total capacity of suction hopper dredgers and cutter suction dredgers) in the world. The Company is also the world’s largest container crane manufacturer and the largest international contractor and designer in China. The Company is capable of providing integrated solutions throughout each stage of infrastructure projects for its customers. The Company currently has 36 wholly–owned or controlled subsidiaries. The Company operates it businesses throughout China, covering all the provinces, municipalities directly under the Central Government, autonomous regions and Hong Kong and Macau Special Administrative Regions, and has established its global presence in over 80 countries and regions. The Group has actively participated in and competed for projects under foreign economic aid projects and international contracting projects. It has been standing on the Engineering News Records’ (“ENR”) list of the world’s top 225 international contractors since 1992 consecutively and ranking the first among the Chinese enterprises in ENR for five consecutive years in terms of revenue from overseas projects. Together with CHEC, CBRC and ZPMC, CCCC enjoys a high reputation around the world. CCCC places great emphasis on scientific research and development which would improve the Company’s competency in operation. The Company established and perfected its technological innovation system which has a sound structure and high operation efficiency. A cluster of R&D facilities, with “23 centres, 13 laboratories and 15 institutes” (8 state-level science and research centres, 15 provincial-level science and research centres, 6 provincial and ministerial-level key laboratories, 7 key laboratories of the Group, 15 scientific research institutes focusing on technological R&D) at its core, holds a leading position in the relevant scientific R&D fronts. The Company attaches great importance to cultivating talents and has spared no effort in nurturing teams of talents and cadres continuously. The Company retains a team of cutting-edge researchers, comprising of 2 members of the Chinese Academy of Engineering, 13 National Reconnaissance Master and a number of other state level experts and senior engineers. The Group also holds 7 Post-Doctoral research centres. The Group owns a diverse range of specialised equipment, including modern dredging vessels, dedicated transportation fleet for port machinery, various equipment for marine and onshore engineering, as well as various advanced machinery and equipment for investigation, design and research, which enables the Group to win and perform contracts of challenging large and complex projects. The Company is committed to providing its world-wide customers with high quality services and products in line with its corporate mission of “Trustworthy Service to Clients, High Quality Returns to Shareholders and Consistent Out-Performance”, to pursue a even brighter future. China Communications Construction Company Limited Performance Highlights For the year ended 31 December RMB million (except per share data) 2011 2010 Change (%) Revenue 294,281 272,734 7.9 Operating Profit 16,218 13,753 17.9 Profit for the year 11,983 9,638 24.3 Profit attributable to equity holders of the Company 11,767 9,599 22.6 Earnings per share 0.79 0.65 22.6 As at 31 December RMB million 2011 2010 Change (%) Total assets 358,780 310,633 15.5 Total liabilities 277,835 236,712 17.4 Total equity 80,945 73,921 9.5 Capital and reserves attributable to equity holders of the Company 70,206 62,990 11.5 For the year ended 31 December RMB million 2011 % of total 2010 Change (%) New Contracts 457,848 100.0 411,738 11.2 Infrastructure Construction Business 364,671 79.7 334,109 9.1 – Port Construction 59,366 13.0 50,462 17.6 – Road and Bridge Construction 126,237 27.6 104,420 20.9 – Railway Construction – – 65,086 –100.0 – Investment Business 66,800 14.6 22,834 192.5 – Overseas Projects 80,828 17.6 62,323 29.7 – Other Projects 31,440 6.9 28,984 8.5 Infrastructure Design Business 22,943 5.0 14,830 54.7 Dredging Business 37,539 8.2 34,422 9.1 Heavy Machinery Manufacturing Business 26,668 5.8 21,653 23.2 Other Businesses 6,027 1.3 6,724 –10.4 As at 31 December RMB million 2011 % of total 2010 Change (%) Backlog 601,912 100.0 512,103 17.5 Infrastructure Construction Business 512,000 85.1 432,500 18.4 Infrastructure Design Business 31,970 5.3 20,833 53.5 Dredging Business 27,952 4.6 28,985 –3.6 Heavy Machinery Manufacturing Business 27,810 4.6 27,366 1.6 Other Businesses 2,180 0.4 2,419 –9.9 2011 Annual Report Chairman’s Statement Dear Shareholders, In 2011, amid the dynamic complicated global environment and new domestic economic landscape, the Company had focused its work on enhancing its operating effectiveness. Taking the development of core businesses as the basis, the Company upgraded its asset structure, business structure and market structure, and spent great effort in implementing the “going global” overseas business expansion strategy. The Company made significant achievements in various aspects evidenced by the rapid growth in value of new contracts, revenue and earnings per share. Revenue in 2011 was RMB294,281 million, representing a year-on-year growth of 7.9%. Profit attributable to equity holders of the Company was RMB11,767 million, representing a year- on-year increase of 22.6%. Earnings per share amounted to RMB0.79, representing a year-on- year growth of approximately 22.6%. In 2011, the value of new contracts was RMB457,848 million, representing a year-on-year growth of 11.2%. As at 31 December 2011, the backlog of the Company amounted to RMB601,912 million, representing a year-on-year growth of 17.5%. China Communications Construction Company Limited Chairman’s Statement (Continued) The overall capability of the Company was further improved in 2011. The Company ranked 211th among “Global 500”, which is 13 ranks higher than last year; the Company ranked 11th among “ENR’s Top 225 International Contractors”, having secured the first place among other Chinese enterprises on the chart for five consecutive years; the Company ranked 17th among “The Top 150 Global Design Firms”, coming first among all Chinese enterprises on the chart; the Company was awarded as a national-level innovative enterprise by the Ministry of Science and Technology of the PRC, and was named the best listed company of the sector in Asia by Institutional Investor, an American magazine. During the political turbulence in Libya, the Company’s well-planned deployment and proper measures taken to secure the safe evacuation of 4,893 staffs were highly praised by leaders of the central government and related ministries and commissions. The Company made new achievements in its capital market development. After its successful listing in Hong Kong in 2006, the Company was successfully listed on China’s A-share market on 9 March 2012 through an innovative way of initial public issue of RMB ordinary shares and merger arrangement with CRBC International. The Company issued a total of approximately 1,350 million new shares and raised approximately RMB5,000 million proceeds, marking a remarkable leap in the Company’s development process.